> ## Content Index
> Fetch the complete content index at: https://paymentandbanking.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Bitcoin is not a means of payment
- URL: https://paymentandbanking.com/bitcoin-is-not-a-means-of-payment/
- Published: 2021-02-26T07:36:03.000Z
- Updated: 2021-02-26T07:36:19.000Z
- Author: Nicole Nitsche
- Tags: Fintech, Krypto

## *#5minF* – 5-Minute-Friday

**The principle of the „5-Minute-Friday“ is probably known to many by now. This concept also fits perfectly for the popular podcast model. Every Friday [Alex Bechtel](https://www.linkedin.com/in/alexanderbechtel/?ref=paymentandbanking.com), [Jonas Gross](https://www.linkedin.com/in/jonasgross94/?ref=paymentandbanking.com) and Michael Blaschke try to explain a question of the Bitcoin & Crypto community a little bit more in 5 minutes and briefly and crisply address the desired topic.**

The idea of Bitcoin came into the world with Satoshi Nakamoto’s white paper published in 2008\. The title of the paper is „Bitcoin: A Peer-to-Peer Electronic Cash System.“ So the original idea was to establish Bitcoin as a digital means of payment that would allow transfers of value to take place person-to-person, decentralized and without an intermediary. A good twelve years later, the question is whether Bitcoin actually lives up to these claims.

So in today’s 5-min Friday episode, Alexander Bechtel addresses the question of whether Bitcoin is actually a means of payment, as originally conceived. After all, PayPal plans to introduce Bitcoin as a payment method in the US in the coming months. Tesla has also announced that it plans to accept Bitcoin as a payment method for car purchases.

Nonetheless, Alexander argues that Bitcoin is not a means of payment. His main argument for this is not a technical one, as is so often the case (the Bitcoin blockchain only manages seven transactions a second), but an economic one. If you want to know what exactly butter at Aldi and Lidl has to do with it, feel free to listen in on today’s episode of 5-min Fridays.

![Bitcoin is not a means of payment](https://storage.ghost.io/c/fa/ba/faba2f47-2f3e-419a-9a7d-cf4e1957f39b/content/images/paymentandbanking-com/wp-content/uploads/2021/02/bildschirmfoto-2021-02-02-um-08-07-34.png)

**Bitcoin, digital euro or cryptocurrencies: The future of money is being rewritten right now. With the [Crypto Corner](https://paymentandbanking.com/tag/krypto/), we provide a point of orientation for crypto enthusiasts without falling into a hype. [Alexander Bechtel](https://www.linkedin.com/in/alexanderbechtel/?ref=paymentandbanking.com) from Bitcoin, Fiat & Rock’n’Roll regularly brings useful and interesting content about digital currencies and especially the digital euro.**